Wait what? Yep, we have a mini alt season in play that was started by LTC, DOGE and... ETH! Seem BTC may retrace in dominance some more before we push higher - if the previous resistance turns support. If not, hold onto your alts since we will go to the Moon or maybe even Mars. Like and subscribe!
GRT made a nice top at nearly $0.8 and now we are approaching the end of the corrective move (a nice -60%) if the falling wedge is confirmed (bullish signal). The ABC corrective pattern seems to be completed as well and this means we should expect a pump and we can explore long opportunities. Aim to long as soon as we break diagonal resistance with volume....
KNC is currently at a significant support line. There are reasons to think it will hold and push us higher. For that to happen, we need to break the diagonal resistance which so far was a hard one to crack. KNC is getting squeezed in this blue apex between support and resistance. Expect price to react in the next few days, then aim to long or short it, as...
OMG is looking excellent, we completed the correction of wave 4 which did a nice ABC and we bounced at the perfect support line (channel support + Fib 78.6). Now we are in a clear ascending move which just started. First target is at Fib 50% or $5, however wave five will take us higher with a conservative target of $10, however, the parallel channel can give us...
CRV is forming a very nice bottom with a confirmed higher low and now testing local resistance. Once we move with confidence above the local diagonal resistance we are clear to reach our first real resistance at Fib 23.6 or $1.6. This should be your first target. It is also highly likely that CRV will re-test it's previous top at around $5 to $6, especially in...
BTC has pushed close to 35k over the New Year holidays and as soon as people got back to work (including traders), on Monday morning, 4th Jan, crypto market corrected quite severely in less than a few hours just as alts were pumping hard, registering double digit gains (see ETH). BTC corrected 20% piercing the the Fib 161.8 level as measured from past ATH (20k)...
In November we were wondering if this bull market will be a BTC season. With the apex breaking up, it was sealed and we quickly pushed to 70% while all alts were left idling in awe. Always have a position in BTC, diversify and don't ignore THE market leader - BTC. This bull cycle started with BTC and is continuing to be a BTC bull run. This is quite in contrast...
XRP gave us an unexpected surprise this Christmas... SEC sued Ripple and its two main lead figures claiming XRP is a security... this tanked the price 60% in 2 days. RIP XRP buyers that hoped for moon. Regardless, the TA was quite clear and XRP gave some clear bearish signs before it tanked. What now? XRP is in a relief rally, which is quite impressive at 80%...
SUSHI has done a fantastic run, however there are a few signs of concerns. Particularly the yellow channel indicates that the bullish momentum is fading and at best we may get another impulse for leg 5, which may be atypical considering we seem to approach a local top for price (the distance between tops and bottoms is decreasing, signaling the momentum is...
Fundamentally, VTC has some good news coming with the new mining algorithm due to go live in late Jan, early February. This is bullish. Analyzing the price action, we get a similar picture. VTC has painted a very nice W formation which is a strong reverse indicator. However for this to confirm we need to push higher above the neckline at .18 cents and keep/hold...
What can you want more from X-Mas than 20k EUR price from BTC... a nice gift and ATH from BTC today. Merry Christmas everyone!
GRT has done a fantastic run after being listed on exchanges. Now, as expected, we are in a deep correction which should come to an end soon, we appear to be on leg five in a 5 leg correction. Once we reach a price level between 0.3 and 0.25 expect to find support and then if we break the descending channel we should look for longs at breakout/retest of channel...
Looks like BTC has decided where we are headed and it's called BTC season! Once the week closes above the pennant, we will have confirmation and likely retest the breakout and push higher towards 70%. What does this mean? The bull market rally in 2021 will be led by no other than the king of crypto - BTC. How will alts behave? They will struggle to keep up as...
BTC has crushed the 20k psychological resistance with conviction... now we're clear for new significant highs. Enjoy the rocket boys! Like and subscribe. 2021 is going to be MASSIVE.
XRP broke the pennant down. We should expect further push down unless BTC decides to turn and continue up. All alt market has followed BTC in this drop which is in a similar technical pattern so best to check the BTC analysis linked below to get a good indicator of where we are going. XRP rarely goes against the market in a bearish trend. Watch the price action...
BTC has broken down the descending triangle. We failed to maintain the price level above 19k therefore we quickly went down after that price level broke. Question is now, will BTC continue to go lower and test the previous low at 16.5k or will be slowly grind up again? This may be a temporary relief after touching Fib 61% level before further down movements,...
BTC has broken out of the descending triangle and we are above 19k. For every day we are above 19k we are becoming more bullish... BTC has NEVER stayed at this level for so long and we recently closed the HIGHEST weekly and monthly candles in the history of BTC... This is all very bullish. There is simply no will to sell at this level, we had over 10 days when...
Link is getting pressured in this blue apex which will soon be resolved. Alt market is showing signs of bullishness as long as BTC maintains >19k levels. Hence, Link is likely to follow and push higher soon. Failure to break up this triangle will likely lead us to re-test previous support levels. Like & subscribe to stay updated!